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Southeast Cement Co (TPE:1110) Receivables Turnover : 1.41 (As of Mar. 2024)


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What is Southeast Cement Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Southeast Cement Co's Revenue for the three months ended in Mar. 2024 was NT$577 Mil. Southeast Cement Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$409 Mil. Hence, Southeast Cement Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.


Southeast Cement Co Receivables Turnover Historical Data

The historical data trend for Southeast Cement Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southeast Cement Co Receivables Turnover Chart

Southeast Cement Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.95 12.59 13.48 13.16 9.22

Southeast Cement Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.61 3.43 2.34 2.11 1.41

Competitive Comparison of Southeast Cement Co's Receivables Turnover

For the Building Materials subindustry, Southeast Cement Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southeast Cement Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Southeast Cement Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Southeast Cement Co's Receivables Turnover falls into.



Southeast Cement Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Southeast Cement Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=2273.518 / ((128.104 + 365.167) / 2 )
=2273.518 / 246.6355
=9.22

Southeast Cement Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=576.896 / ((365.167 + 453.158) / 2 )
=576.896 / 409.1625
=1.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Southeast Cement Co  (TPE:1110) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Southeast Cement Co Receivables Turnover Related Terms

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Southeast Cement Co (TPE:1110) Business Description

Traded in Other Exchanges
N/A
Address
No.21, Wu Fu 3 Road, 1st Floor, 4th Floor, Qianjin District, Kaohsiung, TWN
Southeast Cement Co Ltd is principally engaged in the manufacturing and distribution of cement and slag powder. It also produces limestone and pre-mixed concrete. The firm's products include type I Portland cement, clinker and slag powder. The company's products are mainly applied to public engineering and buildings.

Southeast Cement Co (TPE:1110) Headlines

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